David Einhorn's Greenlight Capital added Rite Aid last qtr
Now that's one smart man! Hedge funds don't have same restrictions as institutional fund managers. I guess loading up on RAD before it cross the magic $5 threshold makes a lot of sense. Then we're off to the races as the mutual funds pile on.
CORRECTION: It's a substantially larger stake than I thought. Einhorn has accumulated 20.2M shares of RAD worth $70M. Greenlight Capital filed their 13F after market close today. No wonder the stock's up 1.15% after-hours. Will be another interesting day for RAD tomorrow as other retail investors and fund managers dove-tail this move.